16191 Siena St - Specialty FOR SALE


Summerdale, AL 36580
$4,000,000 USD
770-933-8585
16191 Siena St, Summerdale, AL for Sale
$4,000,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

16191 Siena St
Summerdale, AL 36580


HIGHLIGHTS

  • Rainbow Plantation is a majority transient RV park with average rates of ~$11/ night and running ~60% occupancy.
  • By converting to a public park without memberships and increasing advertising spend the rates should be able to be increased to market rates
  • Market rates are ~$30-35/night.
  • Located 35 minutes from the beach between Mobile, AL and Pensacola, FL.
  • Easy access to regional amenities such as the outlets and Hot Air Balloon Festival in Foley, AL.
  • Management in-place with current out-of-area owner and ready for stabilization post-membership.

OVERVIEW

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire Rainbow Plantation RV Park, a 119-site RV Park in Summerdale, Alabama, 32 miles from Mobile. The coastal Alabama area offers an idyllic escape with its pristine white-sand Gulf beaches, vibrant culinary scene, and warm Southern hospitality. This well-appointed RV park features extra-large full-hookup sites, dry camp sites, a clubhouse, swimming pool, dog park, laundry facilities, and a bathhouse. The property is strengthened by its multiple growth opportunities, including 31 acres of expansion potential, and its prime location in one of the most popular beach vacation destinations in the U.S. Conversion from a majority-membership park to a traditional park provides opportunity for a new buyer to purchase the property below-replacement cost and lease up and stabilize the park over a 1-3 year period.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rainbow Plantation RV Park

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

49.2 AC

LAND SF

2,143,152 SF

ZONING

-

APN/PARCEL ID

55-02-04-0-000-019.056

ASK ABOUT THIS PROPERTY

Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

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Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.